Synaptics (SYNA) executive logs modest share sale and tax withholding
Rhea-AI Filing Summary
SYNAPTICS Inc executive Vikram Gupta reported an open-market sale of 1,548 shares of Common Stock at $80.95 per share. The sale was made under a Rule 10b5-1 trading plan dated March 14, 2024, indicating it was pre-scheduled rather than opportunistic.
Separately, 5,518 shares were withheld by the company at $80.22 per share to cover tax obligations tied to restricted stock unit settlement, which is a non-market, mechanical disposition. After these transactions, Gupta directly holds 88,930 SYNAPTICS common shares, so the sale represents a small portion of his overall position.
Positive
- None.
Negative
- None.
Insights
Small, largely routine insider sale with tax withholding and a pre-set plan.
The filing shows Vikram Gupta executed an open-market sale of 1,548 SYNAPTICS common shares at $80.95 per share. This was done under a Rule 10b5-1 trading plan dated March 14, 2024, meaning the trade was pre-arranged rather than timed reactively.
In addition, 5,518 shares were disposed of to satisfy tax withholding obligations at $80.22 per share, which is a standard, non‑discretionary mechanism when restricted stock units settle. Gupta still directly owns 88,930 shares after these transactions, so the net sale is a small fraction of his visible equity stake.
The combination of a modest sale size, continued large holding, and 10b5-1 plan context points to routine portfolio and tax management rather than a significant change in insider sentiment. Future Forms 4 will provide further visibility if trading activity materially increases.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,548 | $80.95 | $125K |
| Tax Withholding | Common Stock | 5,518 | $80.22 | $443K |
Footnotes (1)
- Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the settlement of restricted stock units. The shares were sold pursuant to 10b5-1 Trading Plan dated March 14, 2024.